Summary
TJX Companies reported a solid second quarter for fiscal year 2026, with net sales increasing by 7% to $14.4 billion and diluted earnings per share rising to $1.10 from $0.96 in the prior year. This growth was driven by a 4% increase in comparable store sales, indicating strong customer demand. The company continued to return capital to shareholders, repurchasing $1 billion in stock and paying dividends, underscoring its commitment to shareholder value. Operationally, TJX demonstrated improved profitability with a 0.5 percentage point increase in pre-tax profit margin to 11.4%. This was supported by a slight decrease in the cost of sales ratio and a reduction in the SG&A expense ratio. The company's diverse segment performance, with Marmaxx and HomeGoods showing robust growth and TJX International also contributing positively, highlights the resilience of its off-price retail model across different markets.
Financial Highlights
46 data points| Revenue | $14.40B |
| Cost of Revenue | $9.98B |
| Gross Profit | $4.42B |
| SG&A Expenses | $2.81B |
| Net Income | $1.24B |
| EPS (Basic) | $1.11 |
| EPS (Diluted) | $1.10 |
| Shares Outstanding (Basic) | 1.11B |
| Shares Outstanding (Diluted) | 1.13B |
Key Highlights
- 1Net sales increased 7% year-over-year to $14.4 billion for the second quarter of fiscal 2026.
- 2Diluted earnings per share (EPS) grew to $1.10, up from $0.96 in the prior year's second quarter.
- 3Comparable store sales (comp sales) increased by 4% across the consolidated company.
- 4Pre-tax profit margin improved by 0.5 percentage points to 11.4% compared to the prior year's second quarter.
- 5The company returned $1 billion to shareholders through share repurchases and dividends during the quarter.
- 6Merchandise inventories increased by 10% year-over-year on a per-store basis, reflecting inventory build-up.
- 7HomeGoods segment demonstrated strong growth with a 9% increase in net sales and a 5% increase in comp sales.